Am I Entitled To Working Family Tax Credits

Working tax credit (WTC), is payment from the Government for people who work on a low income. It is a part of the current tax credits system in the United Kingdom - part of the system of means-tested social security benefits. As well as Working Tax Credit, people may also be entitled Child tax credit (CTC) if they are responsible for a child or children.

Tax credits were introduced in their present form in April 2003. They replaced Working Families Tax Credit (WFTC), which operated from April 1999 until March 2003. WFTC was a transitional system from the earlier benefit for working families known as Family Credit (FC) which had been in operation from 1986.

WFTC shared its assessment of means and period of renewal (6 months) with FC but moved towards a tax credit approach styled on schemes in other countries, which used an annual declaration of income to assess entitlement for a whole year. Tax Credits also replaced the child elements in means tested benefits, the Children's Tax Credit in the tax system, and disabled persons tax credit.

Despite their name, tax credits are not linked to a person's tax bill. WTC can be claimed by working individuals, childless couples and working families with dependent children. WTC and CTC are assessed jointly and families remain eligible for CTC even if where no adult is working or they have too much income to receive WTC.

Does a Single Person claim any Working Family Tax Benefit?

No, a single person with no children needs to be 25 or older and working more then 30hrs a week to claim tax credits and income for previous year or this year needs to be below £12500. If you disabled need to be 16 and work 16hrs income level is much higher as well.